Nordea Asset Administration has companions with Danish pension fund Industriens Pension to launch a non-public credit score fund.
The Nordea Nordic Senior Loans fund is anticipated make investments 3.5bn DKK (£401m) initially. The fund might be arrange in partnership with Nordea Financial institution, with Industriens Pensions changing into the primary investor.
The fund will look to offer loans to mid-market corporations primarily owned by non-public fairness funds.
“We’re very pleased with the funding, which we anticipate will present a strong and enticing return at a comparatively low threat,” stated Lene Boserup, senior portfolio supervisor at Industriens Pension.
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“On the similar time, we just like the fund’s profile with a deal with steadily rising Nordic corporations that want capital to develop additional. With this, the funding additionally contributes positively to enterprise life in Denmark and our neighbouring nations.”
Lea Vaisalo, head of personal markets at Nordea Asset Administration, added: “The Nordic credit score market is structurally enticing, however tough to entry. By a robust collaboration with Nordea Financial institution, we have now created the opportunity of a brand new supply of financing for the good thing about each corporations and traders.”
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